Indonesian Stocks Plunge, 25 Stocks Hit Auto Rejection Lower Limit
The Indonesian Composite Stock Price Index (IHSG) plummeted 2.22% to 5,165.11 points within the first hour of trading on October 29th. Simultaneously, 25 stocks, including ENRG and MORA, hit their auto rejection lower limits, marking significant declines.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Prabowo Set for 2027 State Visit to Kazakhstan, 20 Bilateral Agreements Prepared
Indonesian President Prabowo Subianto is slated for a state visit to Kazakhstan in 2027. Kazakhstan is actively preparing for the visit, with approximately 20 bilateral agreements in sectors like trade, investment, and education being finalized to bolster bilateral ties.
- Indonesia Braces for Rainy Season as El Niño Subsides, BMKG Forecasts Widespread Rainfall
Indonesia's Meteorology, Climatology, and Geophysics Agency (BMKG) announced the country will enter the rainy season in November, following a prolonged dry spell influenced by a strong El Niño. Widespread moderate to heavy rainfall is forecast across the archipelago, with detailed regional predictions issued.
- BRMS Swings to Quarterly Profit, Nine-Month Earnings Decline
PT Bumi Resources Minerals Tbk (BRMS) reported a net profit of US$11.01 million in the third quarter of 2026, reversing a net loss of US$4.78 million in the second quarter. This recovery was driven by increased production and gold grades from its Poboya mine in Palu, Central Sulawesi. However, cumulative net profit for the first nine months of 2026 decreased by 35.4% year-on-year to US$24.29 million.
- Can Singapore Help Europe Rethink Its Indo-Pacific Strategy?
German Chancellor Friedrich Merz visited Singapore proposing closer EU-CPTPP ties in trade, undersea infrastructure, and industrial AI. Singapore, with its strategy of balancing major powers, may offer insights for Europe's challenges in the Indo-Pacific.